Euro Disney Says
Big Holder Backs
Capital Increase

By

Jo Wrighton Staff Reporter of THE WALL STREET JOURNAL

Updated Jan. 12, 2005 12:01 a.m. ET

PARIS -- French theme-park operator Euro Disney SCA said major shareholder Prince Alwaleed bin Talal of Saudi Arabia will support a crucial capital increase, removing some of the uncertainty surrounding the company's financial rescue.

Prince Alwaleed said he will buy as much as &euro;25 million ($32.7 million) in new shares, keeping his stake in Euro Disney at or more than 10%. The prince currently owns 16.3% of Euro Disney, but...